Improvements in store for 548,629-sf Butterfield Trail portfolioImprovements in store for 548,629-sf Butterfield Trail portfoliohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=134942016-06-09T05:00:00Z2016-06-09T16:00:00Z

​​​EL PASO – Covington Group has acquired the 548,629-sf Butterfield Trail industrial portfolio and is planning on updating the buildings.

The portfolio, which comprises warehouse and flex buildings, was 69 percent occupied at the time of purchase.

Work is underway on a multimillion dollar capital improvement project on the six-building portfolio.​

The most significant improvements will be made at 19 Leigh Fisher, where there is a 120,000-sf vacancy. These upgrades include a white box inside the warehouse area, new exterior and interior lighting, exterior paint and landscaping, as well as removal of a former tenant's manufacturing infrastructure and overall deferred​ maintenance to the property.

Covington will complete improvements to the entire portfolio this summer. 

CBRE represented Covington in negotiations.

El Paso
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